Here’s Why Equity Hedge Funds Had Their Best Start To A Year Since 2009

Ok, so one thing we and others have noted on countless occasions this year is that it's starting to seem more and more like hedge funds have thrown in the proverbial towel on outperforming benchmarks in an era where those benchmarks are levitated inexorably higher on the back of central bank liquidity and outperformance by a handful of high-flying tech names. In short: if you can't beat 'em (where "'em" are the hordes of retail investors riding the FANG and central bank waves by simply buying Q